SoftBank mobile device begins trading on Tokyo Stock Exchange

Japan's mobile telecommunications market is the world's third largest and the government has pushed companies to lower prices for its services.

The Tokyo Stock Exchange listing also comes as Son, one of the world's most powerful people, making waves with its $ 100 billion Vision Fund, marking the transformation of the group from a mobile operator into a global investment fund.

He tries to judge a new type of investor who actually shares his vision for (Internet of Things technology) for robotics and most importantly artificial intelligence, said Chris Lane, senior researcher at Sanford C. Bermstein, on Wednesday at CNBC's "Squawk Box "before trade began.

"So this is part of that transformation," Lane said. "I think it's quite a big step in this change."

The fund was created in October 201[ads1]6 and aims to increase promising businesses in the technology sector.

"The IPO revenue will complement the holding company's liquidity, although a large part of SoftBank's revenue can eventually be used to finance its remaining capital commitments to the SoftBank Vision Fund (SVF), which continues to invest in the internet and new technology companies, says Moody's Investors Service in a report last year.

The fund, which describes itself as "developed to be a catalyst for technology development", has invested in companies like Nauto and Brain Corp, which build self-propelled "brains" for robbers and giant giant uber. 19659002] Aside from the SoftBank Group, other major investors in the fund include Saudi Arabia's public investment fund and United Arab Emirates Mubadala Investment Company.

The Saudi contribution has transformed controversial a fter international impression of disappearing and dying by Saudi Arabian journalist Jamal Khashoggi in Turkey in October, alleging official Saudi involvement. For its part, the kingdom has maintained that the powerful Saudi crown prince Mohammed bin Salman did not order Khashoggi execution.

Son said last month that he had met the krone price to claim concerns about the incident.

Son refused to attend a major business conference in Saudi Arabia in October, which was also boycotted by a number of global investment leaders, but visited the empire to meet officials and express concerns about death.

– CNBCs Akiko Fujita contributed to this report.